Friday 12 May 2017

You’re Killing It With Your 401(k)—on Autopilot

Automation, that demon of American job security, may be the patron saint of retirement savings.   The average balance in a 401(k) defined-contribution account at Fidelity Investments hit a record $95,500 in Q1 up more than 9% from a year earlier, the company reported this morning. Investment performance gets credit for 70% of the advance, and 30%

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